U.S. Main Vitality Manufacturing, Consumption, and Exports Elevated in 2024

Final Up to date on: twenty first June 2025, 01:13 am

The USA continued to supply extra power than it consumed in 2024. This surplus power manufacturing helped power exports develop to a document excessive 30.9 quadrillion British thermal items (quads) in 2024, up 4% from 2023. Vitality imports stayed flat at 21.7 quads in 2024, that means america exported 9.3 quads extra power than it imported, the very best web exports in our information, which date again to 1949.

Vitality consumption in america totaled 94.2 quads in 2024, remaining under the height of 99.0 quads set in 2007. Petroleum remained the most important supply of major power consumption in america in 2024, totaling 35.3 quads, about the identical as within the three earlier years. Pure gasoline consumption reached an all-time excessive in 2024 at 34.2 quads, pushed by progress in pure gasoline used for electrical energy era.

Renewable power consumption elevated by 5% to hit a brand new document of 8.6 quads in 2024, largely on account of progress in biofuels, wind, and photo voltaic. Nuclear power consumption remained flat at 8.2 quads. Coal consumption fell to 7.9 quads, the least in our information courting again to 1949.

Main power manufacturing in america elevated to a document 103.3 quads in 2024, the third consecutive yr that manufacturing has surpassed a earlier document. Pure gasoline, crude oil, pure gasoline plant liquids, wind, biofuels, and photo voltaic all reached or tied document manufacturing in 2024.

U.S. exports of petroleum merchandise, crude oil, and pure gasoline every reached information in 2024. Petroleum product exports totaled 11.5 quads and accounted for 37% of complete U.S. exports throughout all power sources. Crude oil exports totaled 8.6 quads, making up 28% of the whole. Pure gasoline exports grew to 7.8 quads, pushed by continued progress in liquefied pure gasoline exports. Coal exports totaled 2.6 quads and have elevated yearly since 2020. Different power sources comparable to biomass, electrical energy, and coal coke mixed accounted for 1% of exports.

Crude oil has been the most important supply of U.S. power imports yearly on document since 1973, accounting for 67% of power imports in 2024. Crude oil is commonly imported after which refined into different petroleum merchandise comparable to motor gasoline, distillate gas oil, or jet gas after which exported as petroleum merchandise.

In our Month-to-month Vitality Evaluate, we convert sources of power to frequent items of warmth, known as British thermal items (Btu), to match several types of power which are often measured in items that aren’t instantly comparable, comparable to barrels of crude oil and cubic toes of pure gasoline. Appendix A of our Month-to-month Vitality Evaluate has the conversion elements that we use for every power supply.

Article from Immediately in Vitality. Principal contributor: Brett Marohl